Rebirth of the Strongest Tycoon
Vol 3 Chapter 1046: The final struggle of the Swire Consortium
"Chairman, something is wrong. Our stock repurchase measures seem to have failed to reassure investors, and there are still a steady stream of selling orders."
"The funds are consumed too fast!"
Swire Financial Corporation watched more than an hour after the opening of the market, and the speed of selling orders continued to decrease. Cedric Quincy was at a loss, and Good and Evil reported the situation to Norman Shiyahuai seriously.
Although the chairman of the board of directors has brought in 350 million Hong Kong dollars from London in the past two days on Saturday and Sunday, he still cannot make him feel at ease.
After all, as of last Friday when the market was closed, the funds in Swire Financial’s account had fallen from more than 700 million to more than 280 million.
Even if we add the 350 million Hong Kong dollars borrowed over the weekend and the 210 million Hong Kong dollars raised by related companies for equity repurchase, Swire Financial’s total account funds were only 800 million before the market opened today. More than 40 million Hong Kong dollars.
However, in just over an hour, more than 90 million funds were consumed.
According to his analysis, this consumption rate is considered to be slow. There should be two reasons. One is that the retail investors entrust securities to place orders at a slower rate. The other reason is that he does not want to face it, that is, he may still hold shares. Institutions have a tacit understanding that they are afraid that Swire Financial will not be able to digest the large one-time low-price orders, and the sharp drop in the stock price will cause more serious damage to its interests.
After hearing Cedric Quincy’s report, Norman Shiyahuai quickly asked the relevant details. The former unreservedly told the real situation and his own guesses.
After Norman Shi Yahuai listened, his brows were frowned into the word Sichuan, and his face was full of heavy colors.
"According to your judgment and analysis, how many days can the remaining more than 750 million Hong Kong dollars be supported?"
For a long time, Norman Shiyahuai asked his most concerned question.
Cedric Quincy thought about it seriously, and said in a heavy tone: "If the current situation does not ease, the best case is to consume all funds on Wednesday."
"The most conservative estimate is that the funds will bottom out tomorrow."
Norman Shi Yahuai's face was as dark as pot stickers, and his mouth squirmed silently.
Seeing that the chairman hadn’t spoken for a long time, Cedric Quincy hesitated for a moment and added again: “Chairman, unless you can spend at least 3 billion Hong Kong dollars later, or reverse investors’ impression of Swire Group in one fell swoop, otherwise. Now this situation is difficult to alleviate."
Three billion Hong Kong dollars!
It's easy to talk about it, but it's really difficult to raise so much money!
Norman Shiyahuai's eldest son borrowed a total of 750 million Hong Kong dollars in London twice, and he still took a mortgage loan of 1.8 billion Hong Kong dollars worth of assets from the British parent company.
Cedric Quincy did not know the situation, but Norman Shiyahuai knew very well that the debt ratio of the British parent company was already higher than that of the Hong Kong branch. Now he wants to borrow another 3 billion Hong Kong dollars. may!
Unless a bank or friend is willing to borrow money!
"There is no need to mention three billion Hong Kong dollars. You still think of a way to see how you can reverse the current situation?"
Hearing Norman Shiyahuai's deep voice, Cedric Quincy's heart sank, and his expression became more bitter. These days, he held meetings every night to brainstorm ideas. If he could figure it out, he would have thought it out. Why wait until now?
But if I can't think of it directly, I might attract the anger of the irritable chairman to myself.
Hearing the noise coming from downstairs, his expression moved slightly, and he said to Norman Shi Yahuai with a bitter face: "Chairman, now investors who claim back their investment funds are blocking the door of our company every day. We have been delaying time. The patience of investors has been exhausted. I heard that some investors are ready to solve the problem through legal channels. If this problem is not solved, no matter what we think of, we will not be able to strengthen the confidence of stockholders."
"Furthermore, investors' funds are basically used by us to buy shares of companies such as the Swire Group. Once our funds are exhausted and we cannot repay investors' funds, our financial company will also go bankrupt."
Norman Shi Yahuai's breathing became more and more rapid, only feeling the mess in his mind, and he couldn't calm down and think about the solution.
He was on the verge of collapse.
With his heart fluctuating violently, his temper became irritable, and he shouted to Cedric Quincy, "Cedric, Jiuding Bank can solve similar problems, you quickly call up your subordinates to come up with an effective way, no matter who wants it. If it comes out, as long as the problem of investors claiming back investment funds is solved, 10 million will be rewarded!"
"As long as the stock prices of these companies can be stabilized, the method proposer will reward 10 million! The operation team will reward 10 million!"
Cedric Quincy, who was still somewhat emotional, was also taken aback when he heard this number, but since the chairman has come up with such a big hand, what excuse can he make?
I can only pray that someone can take these thirty million away.
He nodded his head and said, "Chairman, I will convene people to find a way right away."
"Remember, it must be kept secret and cannot be disclosed. Whoever dares to disclose, I will make him pay an unbearable price!"
"Go!"
After driving away Cedric Quincy, Norman Shiyahuai's frowning brows did not stretch~www.ltnovel.com~ He also didn't know whether the 30 million reward would work...
If Xia Yu knew Norman Shi Yahuai's thoughts, he would definitely be tempted to laugh.
If his elaborate plan against the Taikoo Consortium is so easy to crack, he would still be a fool!
Even the Taikoo consortium can't clean up, so what is the need to fight those truly world-wide consortiums in the future?
...
When the market was closed at noon, the Hang Seng Index was frozen at 968 points and dropped by 119 points in the morning. The rate of decline has dropped considerably.
But this is also normal. After all, it has plummeted more than half from the highest peak. If it continues to plummet by more than 400 points a day, it will fall to zero on Wednesday morning.
But the Hang Seng Index is absolutely impossible to fall to zero.
According to the analysis of the team of Jiuding Securities, the downward trend of the Hang Seng Index will slow down this afternoon. At the latest next week, the Hang Seng Index is expected to fall to a trough of 650 points and then fall into volatility.
In this regard, Xia Yu agreed. After all, when the Hang Seng Index fell to about 650, the stock prices of most Hong Kong stock companies would have no water, which would trigger the bottom line of shareholders of financial institutions and listed companies. Hold this line.
Although a Swire consortium and a Carrian group are large in size, they can have a huge impact on the stock market; the bank run is also very destructive; the future of Hong Kong is also very important. It can severely damage the Hong Kong stock market, but they are not enough to completely destroy the Hong Kong stock market. stock market.
At noon, just as Xia Yu had just finished eating and the nanny cleaned the table, Xia Jun came to Xia Yu's home.
PS: The second update will be sent, there will be an update tonight, the specific time is uncertain, please recommend a monthly pass
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